Cost of Living in Elrod, NC

With a cost of living index of 81, Elrod, NC is a very affordable place to live. Living here is 19% cheaper than the national average and 3% below the North Carolina state average of 84. Elrod is a small community of 245 residents.

The median household income in Elrod is $25,938, which is 65% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.